Lantern Festival is celebrated in China and other Asian countries that honors deceased ancestors on the 15th day of the first month of the lunar calendar (usually falls around mid-February of Gregorian calendar). The Lantern Festival aims to promote reconciliation, peace, and forgiveness.
Originally, the holiday marks the first full moon of the new lunar year and the end of the Chinese New Year. In some other Asian countries such as Thailand or Laos, the festival is celebrated around late October or early November to mark the end of the Buddhist Lent & the beginning of the festive season.
During the festival, houses are festooned with colorful lanterns, often with riddles written on them; if the riddle is answered correctly, the solver earns a small gift. Festival celebrations also include lion and dragon dances, parades, and fireworks.